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Posted on Jun 30, 2024

In simulation 1 I am selling oranges Simulation 2 unit cost price earnings unit cost price earnings 1 $0.50 $1.44 $0.94 1 $0.50 $0.63 $0.13

In simulation 1 I am selling oranges Simulation 2

unit cost price earnings unit cost price earnings

1 $0.50 $1.44 $0.94 1 $0.50 $0.63 $0.13

2 $0.75 $1.29 $0.54 2 $0.75 $0.67 -$0.08

3 $1.00 $1.13 $0.13 3 $1.00 $0.82 -$0.18

Was the sale price I set the same as the equalibirium price? If different why according to the supply and demand model? Where did I go wrong between Simulation 1 and 2?

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